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true or false 5. The Institute of Management Accountants (IMA) provides formal guidance to help in choosing ethically acceptable courses of action. 6. Before purchasing

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true or false

5. The Institute of Management Accountants (IMA) provides formal guidance to help in choosing ethically acceptable courses of action. 6. Before purchasing an Enterprise Resource Planning (ERP) system, companies must confirm that the benefits of an ERP system will outweigh the costs of implementation. 7. Product costs are always expensed in the period when they are incurred. 8. The three categories of manufacturing costs include direct materials, manufacturing overhead, and selling costs 9. Manufacturing overhead consists of all costs related to the production process other than direct materials and direct labor. 10. The term "factory burden" is synonymous with manufacturing overhead

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